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Dec 28, 2012
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president obama meeting with the leaders at the white house. misreporting going on that the president had a new deal, looked like progress was made. no. the president had the same deal that republicans walked away from about a week ago, if you call it a deal, the deal is that he won't tax people higher above the 400,000 mark. shibani: the meeting still going on, rich edson live at the white house with the latest details. what do we know now, rich? >> what we got from an administration official, that president obama offered what he detailed in the speech a week ago keeping tax rates where they are for families earning less than $250,000 a year, extending long term unemployment insurance policy, and that bit of detail he gave a week ago in a speech is basically derived from the larger deficit proposal offered over, really, the last couple years as president of the united states. we're waiting whether or not in the meeting, lasting an hour at the white house, started at 3:10, is whether or not they made progress towards changing that proposal in a
president obama meeting with the leaders at the white house. misreporting going on that the president had a new deal, looked like progress was made. no. the president had the same deal that republicans walked away from about a week ago, if you call it a deal, the deal is that he won't tax people higher above the 400,000 mark. shibani: the meeting still going on, rich edson live at the white house with the latest details. what do we know now, rich? >> what we got from an administration...
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Dec 19, 2012
12/12
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headlines from president obama, john boehner. is this market a little overbought going at the end of the year? >> for my technical perspective, you're absolutely right. they have eclipsed the upper end, and overbought situation. from my perspective and my colleagues, we are shocked trying to figure out the market moving higher. a lot of it is trying to figure out, we know a deal will get done, the real question is what are the ramifications of the deal and how will that affect earnings. as a guy who follows earnings very closely, we see that the drop year-over-year. it was from government. a noted state tax receipts are down adjusted for inflation 1% from 2,082,012. earnings are down on the top line, where does the bigger earnings growth come from? david: we have manufacturing coming in saying he does see growth in capital equipment so there is a lot of cash, as you well known, companies have been hoarding and they may put the cash to work as texas could down a capital gain is. let me just talk about the volatility index for a se
headlines from president obama, john boehner. is this market a little overbought going at the end of the year? >> for my technical perspective, you're absolutely right. they have eclipsed the upper end, and overbought situation. from my perspective and my colleagues, we are shocked trying to figure out the market moving higher. a lot of it is trying to figure out, we know a deal will get done, the real question is what are the ramifications of the deal and how will that affect earnings....
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Dec 21, 2012
12/12
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president obama will be taking to the brady pressroom and giving a statement at least. don't know whether he will take questions but fox business will take this as soon as the president begins speaking top of the hour. liz: that will be interesting. dave: we are step closer to the fiscal cliff after republicans rejected john boehner's compromise plan for raising tax rates. without some kind of plan passed by congress and signed by the president tax rate for everybody, all taxpayers will go up in two weeks. for the latest now where we go from here we turn to congresswoman and a read purple. thank you for coming here. why did john boehner present the president with a plan that didn't have the support of most republicans? >> at the time he didn't realize there wasn't the support he needed and i think the concern we all had was the spending portion of it. the country has a spending problem, not a taxing problem and this compromise didn't address the spending issue and that is where many of us were concerned. dave: talk about the spending problem because i agree with you. th
president obama will be taking to the brady pressroom and giving a statement at least. don't know whether he will take questions but fox business will take this as soon as the president begins speaking top of the hour. liz: that will be interesting. dave: we are step closer to the fiscal cliff after republicans rejected john boehner's compromise plan for raising tax rates. without some kind of plan passed by congress and signed by the president tax rate for everybody, all taxpayers will go up...
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Dec 10, 2012
12/12
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president obama changing his tone a little bit mentioning compromise. peter barnes in washington with the latest. they were saying we believe actions, we have heard so much chatter, we can't really bet on that. >> right now we're just hearing chatter. the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did not disclose any details of the meeting with the president and the speaker yesterday only confirmed that communications remain open. tim j
president obama changing his tone a little bit mentioning compromise. peter barnes in washington with the latest. they were saying we believe actions, we have heard so much chatter, we can't really bet on that. >> right now we're just hearing chatter. the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the...
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Dec 31, 2012
12/12
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from now on they will be the obama middle class tax cuts. do you believe that? >> well, don't forget the obama signed extension of these very tax cuts two years ago and said you don't raise taxes in the middle of a recession. we estimate a million small businesses will see their taxes go up. i can't find a single maul business owner that says if you raise my taxes i will hire more people. we should talk about growth and opportunity. there are three strikes against the plan as i see it. it will raise taxes. possibly put off any spending cuts. david: you're not answering the question. do you think the president, as a political tactic wants to go off the fiscal cliff so he can come in as a tax cutter? >> oh, i think he does. he wants more revenue. whether he wants to cut those taxes when he is done. when you're running 1.3 trillion dollar deficits you got to have more revenue if you're going to shrink that deficit. liz: gentlemen, why is it okay if george bush wanted to cut taxes and not if president obama wants to cut taxes? at a certain point nobody loves taxes.
from now on they will be the obama middle class tax cuts. do you believe that? >> well, don't forget the obama signed extension of these very tax cuts two years ago and said you don't raise taxes in the middle of a recession. we estimate a million small businesses will see their taxes go up. i can't find a single maul business owner that says if you raise my taxes i will hire more people. we should talk about growth and opportunity. there are three strikes against the plan as i see it. it...
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you had obama last week, you had the republicans counter that today. they're a mile apart -- david: michael, hold on a second. let me make sure that we get you straight here, because i think i might have misread your notes. you're not saying we're going to have a 4% contraction in the economy, you think a 4% pullout in the market? >> oh, absolutely not. no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets contentious in the next few weeks. but unlike the others, i do think they will come to an agreement. i do think right now you're seeing the negotiating process play out, and when you have this play out, the market that's already run up, i think we could go sideways and trade like we did today. today wasn't disastrous. volume was very light. yeah, we went out on the lows, we had some negative economic data points, and i think that's what we're in for until we get some clarity on what happens with the cliff. >> all right, charlie, folks have got to put their money to work
you had obama last week, you had the republicans counter that today. they're a mile apart -- david: michael, hold on a second. let me make sure that we get you straight here, because i think i might have misread your notes. you're not saying we're going to have a 4% contraction in the economy, you think a 4% pullout in the market? >> oh, absolutely not. no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets...
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Dec 13, 2012
12/12
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david: battle over the cliff on capitol hill continues, boehner set to meet with president obama within an hour. we are there on capitol hill with the latest developments. liz: shopping bags, retail sales rebounded, but not every retailer was seeing green. breaking down the names that really won that should be, perhaps, on your portfolio shopping list. make money here. stay with us. ♪ [ male announcer ] this isteve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doi and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. look this isn't my rst christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fe
david: battle over the cliff on capitol hill continues, boehner set to meet with president obama within an hour. we are there on capitol hill with the latest developments. liz: shopping bags, retail sales rebounded, but not every retailer was seeing green. breaking down the names that really won that should be, perhaps, on your portfolio shopping list. make money here. stay with us. ♪ [ male announcer ] this isteve. he loves risk. but whether he's climbing everest, scuba diving the great...
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Dec 14, 2012
12/12
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president obama deliver ad statement last hour saying the u.s. has been through shootings like this too many times and meaningful action will have to be taken regardless of politics. the president also ordered the u.s. flag be flown at half-staff at all public buildings and grounds including the white house in honor of the victims. sources have identified the gunman as 20-year-old adam lanza. after initial information mistakenly pointed to his older brother. he is originally from newtown, but was living in hoboken, new jersey. apparently lanza took his own life. we'll keep you updated as more information becomes available. our hearts and prayers go to the victims and their families liz: looking for alternative places to invest if you're too worried about stocks? maybe you should consider investing in a pop icon. the rights to all the episodes of what's on your screen, the judy garland show, are on the auction block and could provide a super fan with a steady stream of cash. we stress could. let's find out more. joining us the current owner of tho
president obama deliver ad statement last hour saying the u.s. has been through shootings like this too many times and meaningful action will have to be taken regardless of politics. the president also ordered the u.s. flag be flown at half-staff at all public buildings and grounds including the white house in honor of the victims. sources have identified the gunman as 20-year-old adam lanza. after initial information mistakenly pointed to his older brother. he is originally from newtown, but...
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as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop. phil: we have come down to that range several times over the last few weeks and that is when you had highest level supply out there and you didn't really have much geopolitical risk. we start to come back to that mode so we will scale back to that level before things heat up in the middle east and we have supply crunches due to the cold weather ahead of us. >> next week we have the final fit meeting of the year. the jobs report and everything we have been seeing. phil: we will see the fed continue on the same path of that they may just maturities they are going to
as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop....
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Dec 18, 2012
12/12
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this after president obama raised his threshold for topping income earners to 400,000. taxes are set to rise for everybody if some kind of a deal isn't reached by the end. year. liz: take it off the desk. you don't like the high taxes? in france, well move to belgium. french actor gerard d pechlt l pardieu says is doing that. he will welcome anyone from france who thinks taxes are way too enter us -- onerous who wants to follow in the actor's shoes to escape the high taxes the foreign minister says it is france's own fault if its citizens are leaving and they should accept the consequences, i agree. time to go off the desk. shaquille o'neal launching his own line of vodka. according to the "new york post" it will be called love shaq. luvshaq. our crew is giving it thumbs down. it might taste well. it will hit it next year. cocoa nut flavored vodka is sugar and gluten free it will have the nba star with giant wings. let's hope move into vodka successful than the rap career. liz: pitbull has its own vodka. i would rather that have. there is carmel vodka and cookly flavore
this after president obama raised his threshold for topping income earners to 400,000. taxes are set to rise for everybody if some kind of a deal isn't reached by the end. year. liz: take it off the desk. you don't like the high taxes? in france, well move to belgium. french actor gerard d pechlt l pardieu says is doing that. he will welcome anyone from france who thinks taxes are way too enter us -- onerous who wants to follow in the actor's shoes to escape the high taxes the foreign minister...
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president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from speaker boehner's team are genre assuming talks. we con
president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested...
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Dec 26, 2012
12/12
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president obama cutting his trip going back to d.c. as the clock ticks away for the tax hikes for all of us. speaker john boehner plan failed in the house. coming up next is off to d.c. for what plans they may look like. shibani: and all of these weather delays going on in spying airline stocks instead. we have an analyst with his winners and losers predictions for next year. coming up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust ur brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours energy now -- no crash later. wait to sethe next five
president obama cutting his trip going back to d.c. as the clock ticks away for the tax hikes for all of us. speaker john boehner plan failed in the house. coming up next is off to d.c. for what plans they may look like. shibani: and all of these weather delays going on in spying airline stocks instead. we have an analyst with his winners and losers predictions for next year. coming up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second...
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liz: president obama discussing the fiscal cliff, and, plus, speaking live to the iowa governor, his state facing a double whammy if we go over the cliff. what compromises he'd love to see come out of washington, and how he believes they could reach them. this is a guy who deals with the democratic senate, so, really, he knows how to cross the aisle to make it happen. david: somebody else you know about, with all the talk about tax increases, the idea of a simple flat tax dead? we'll see. forbes doesn't think so. there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back terms. euro rose to a $1131. that's high histor
liz: president obama discussing the fiscal cliff, and, plus, speaking live to the iowa governor, his state facing a double whammy if we go over the cliff. what compromises he'd love to see come out of washington, and how he believes they could reach them. this is a guy who deals with the democratic senate, so, really, he knows how to cross the aisle to make it happen. david: somebody else you know about, with all the talk about tax increases, the idea of a simple flat tax dead? we'll see....
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Dec 17, 2012
12/12
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president obama today and john boehner met once again. david: what happened? are there any specific proposals gaining traction inside the beltway? 's go to rich edson reporting on the late e. rich? >> speaker and president are working with a framework t would cut spending by a trillion dollars over the next decade and raise tax revenue by a same amount on amounts over a million dollars and curbing deductions over a process congress would negotiate next year. they're talking about continuing and phasing out payroll tax cut, extended unemployment insurance, possibly a major sticking point for republicans, raising the debt ceiling. the white house says negotiators are trying to configure a deal with republicans that can pass congress and insure wealthier americans are >> any potential agreement would not only have to align with the president's principles. it would require tough choices by both sides including the president, and including republicans. it will not be a deal that any single person or either party is going to say, reflects exactly what they wanted. >
president obama today and john boehner met once again. david: what happened? are there any specific proposals gaining traction inside the beltway? 's go to rich edson reporting on the late e. rich? >> speaker and president are working with a framework t would cut spending by a trillion dollars over the next decade and raise tax revenue by a same amount on amounts over a million dollars and curbing deductions over a process congress would negotiate next year. they're talking about...
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Dec 24, 2012
12/12
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speaking of the fiscal cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker john boehner plan b. got scuttled. the president wants to extend the bush tax cuts and avoid some of the deep spending cuts. white house spokesperson says discussions continue between the administration and capitol hill. in july you may recall senate democrats passed an extension of the middle-class tax codes for the year. those folks making less than $250,000 per year at a cost of 157 billion. also passing the alternative minimum tax for $92 billion. mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report
speaking of the fiscal cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker...
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liz: president obama met with ceos head of the looming deadline for tax cuts and spending cuts. david: a fiscal deal could be reached in a week. rich edson with the latest. it was an off the record meeting. this is a meeting that affects all of us. speak of the business roundtable says all the meetings are off the table and they have the initial remarks live and available to the press. in that the president did say we could settle this issue in a week if republicans relent on their position for taxes. offering $800 billion in tax revenue, coming from only closing loopholes and seductions, no to a tax rate increase for the president says it is making $250,000 or more, tax rates are going up. >> we will not raise them just out of spite, but rather because the need to raise a certain amount of revenue. >> the president doesn't agree with our proposal and our outline, think he has an obligation to send one to the congress. and a plan that could pass both chambers of commerce. if you look at the plans the white house has talked about thus far, they couldn't pass either house of the c
liz: president obama met with ceos head of the looming deadline for tax cuts and spending cuts. david: a fiscal deal could be reached in a week. rich edson with the latest. it was an off the record meeting. this is a meeting that affects all of us. speak of the business roundtable says all the meetings are off the table and they have the initial remarks live and available to the press. in that the president did say we could settle this issue in a week if republicans relent on their position for...
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Dec 27, 2012
12/12
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president obama feeling strong hand he can browbeat the republicans and make them crawling back is what i think he can do right now? it in terms of the revenue even if he got his way it is five cents on the dollar. david: we'll talk about that in a second. i want to squeeze you on this there are a lot of economists who say yes, if all taxes go up no doubt we'll go into recession. >> right. david: there will be less spending. producers have less money to hire people. everybody will keep all their money in their pockets. >> short term you overlook the damage done to the military about the so-called sequestration, that reduction in overall spending will have a little bit of good impact. but there is no question, we're following the path europe followed, japan followed, raising taxes in the face of wobbly economy. we haven't done anything like this on scale since early 1930's. david: even the president admitted not too long ago anything you want to do in slow economy or certainly in recession is raise tax rates. >> this is ideology. about income equality punishing those who are successful a
president obama feeling strong hand he can browbeat the republicans and make them crawling back is what i think he can do right now? it in terms of the revenue even if he got his way it is five cents on the dollar. david: we'll talk about that in a second. i want to squeeze you on this there are a lot of economists who say yes, if all taxes go up no doubt we'll go into recession. >> right. david: there will be less spending. producers have less money to hire people. everybody will keep...
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Dec 11, 2012
12/12
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we had time to digest obama's misguided policy and adjust the cliff with the hill, and the market marchs on. twelve reasons the market will go down, but concentrating on multiples, the market's healthy, and the trade pain is on the upside. david: don't fight the market or your ideological beat the system. liz: true, thank you, lair. david: capital hill less than three weeks for a solution to the crisis. any republicans republicans can make in the talks to get close to a deal or concessions from the president for that matter. liz: someone who could have a key understanding on what republicans are willing to accept is a member of the deficit supercommittee in the newly named house of the financial house services committee, rich edson got a chance to sit down with them, and he joins us from capital hill. >> thank you. you look at the process, think maybe there is some movement this weekend, the president and the speaker met, no deal. house speaker john boehner saying he wants the president to get serious. he wants a counter offer to the republican offer. there's been no noticeable movement
we had time to digest obama's misguided policy and adjust the cliff with the hill, and the market marchs on. twelve reasons the market will go down, but concentrating on multiples, the market's healthy, and the trade pain is on the upside. david: don't fight the market or your ideological beat the system. liz: true, thank you, lair. david: capital hill less than three weeks for a solution to the crisis. any republicans republicans can make in the talks to get close to a deal or concessions from...